The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1887-02-08

s296,971.s5
Add excess of discount
on bonds sold and ex-
pense and profit and
loss acc'ts over and
above int. and prems.
received, ............., 7,O2S.15--
S3O4O 90
The following communication accompanied
the report
To the Honorable Mayor and city Council of
Portland.
The undersigned Commissioners Of the Building
Loan, respectfully represent
They are satisfied they can pay all the Building
Loan Bonds as they fall due except to the amount
Of Sloo;ooo, and that any attemptto meet any con-
considerable sacrifice of the assets under their
charge.
Willie they are not confident that the assets win
IN any event Ultimately provide for the full amount
OF the bonds without some loss to the city, they
believe that the loss will be largely avoided by a
new issue Of bonds to the extent of such 100000,
ana therefore request that new issue shall be
made for that amount the proceeds TO be applied
to the payment of the existing Building Loan
In order that such issue may not interfere with
the financial operation of the city with reference
10 reminding any other of its Indebtedness, they
submif. II could be determined by the City CoJ n
Gil what rate OF interest such bonds shall bear and
at what time they shall be payable, and that nego-
the City Council.
1t is not in their opinion necessary that there
should be an entirely distinct class Of bonds but
a certain series, or simply by UNCONVENTIONAL emu
neration, or in any other way which the City
Council deems suitable to designate them as bonds
TO be provided for by the assets in our hands
The assets are now so small the Commissioners
consider 1t just, that in order to reduce the ex-
penses OF the commission TO a minimum they
should serve after the current year without COM
pensation andpr0pose so to do.
Any action or further suggestions which are de-
cheerfully furnish.
w. +. MILLIKEN,
IL. N. JOSE. Commissioners
WILLIAM L. PUTNAM, '''O'''''
Portland, Me-, Jan. z. 1887
This communication was referred to the
committee on finance.
THE HORSE RAILROAD EXTENSION.
Upon the petition of A. d. Brown and
many others, praying that leave might be
granted the Horse Railroad company to ex-
tend its track through Spring, Vaughan and
Bramhall streets to Congress street, Ia hear
ing had been ordered. An additional petit
ton bearing thirty-three signatures, was in
PRODUCED by Alderman Kicker. Alderman
Briggs introduced remonstrance to the pro-
posed location, signed by Philip H. Brown
and others, principally land owners ON
Vaughan street.
Hon. Q. F. Libby spoke for the horse car
company and said that they were willing, in
order to avoid passing through great part
OF Vaughan street covered by the .remon-
STRANGE, to run their tracks through Neal
street to Pine, thence through Pine to
Vaughan aud Vaughan to Congress street.
This location would pass the new school
house and do away with difficult curve at
the corner Of Spring and Vaughan streets.
=. a -, communication setting forth the views
OF the remonstrants was read by Alderman
Briggs. In order to keep that part of
Vaughan street between Pine and Bowdoin
streets for the purposes of pleasure driving
Tor which It Is now used, the remonstrants
recommended that the track extend through
Neal to West street and thence through
West to Vaughan street.
Mr.. Libby said that he did not believe that
this location would be acceptable to the COM
pany on account of the narrowness of Neal
street between Pine and West street.
Alderman Marks offered the following:
ordered, That the Portland Railway Company
be, and they are hereby authorized to locate and
build their track from the present terminus on
spring street to Neal street, thence through Neal
street to Pine street, thence through Pine street
TO Vaughan street, thence through Vaughan and
Bramhall streets 70 connection with the Con-
gress street line, with such curves and turnouts
as may be necessary, the same to be located by
the City Engineer, with the approval of the
street Commissioner.
Alderman Sawyer offered an amendment
providing that the track should be continued
through Neal street to West street, and
thence to Vaughan street
The amendment failed of a passage, and
utbCA ouHiC lul ulScuSSlOU tle OTQcT III
troduced by Alderman Marks was passed.
SEWER ASSESSMENTS.
The following orders were passed:
That the assessments made in the sewers
built during the past year be certified to the
City Treasurer for collection, with the ex-
cepti0ns as noted in the list of assessments.
That all assessments on the sewers con-
has been made, and which have not been adj
justed by this board, be referred to the CON-
mittee on drains and sewers with power to
revise, increase or diminish the same, sub
lect to the approval of the Mayor and Alder
men.
Orders were also passed directing that the
assessments on all lots on the northerly side
OF Grant street and on lots on the northerly
side OF Cherry street belonging to Andrew
johnson, w. X. Garland and Anna T. Jones'
be held in allegiance.
PETITIONS RECEIVED.
These petitions were granted subject to
the City MarshaPs favorable report: OF
Hugh f. Flynn, as yictualer; John Murphy.
to keep a billiard hall; Henry Flaker as
vietualer.
Petitions from J. H. Wolf for sos DANA
ges caused by defective sewer, and of Au-
gusta I'll, Meaher, for sewer in front of her
property on Portland street were referred
The petition of Chas. Z. Warwick for a
license Tor theatre, was granted, the Ii
cense to continue in force until June 10.
MISCELLANEOUS.
The salary of of the inspector of buildings
was fixed at 500 per annum.
A remonstrance was received against the
erection OF a livery stable by Thomas H.
Weston in Avon Court. The paper was
signed by A. j. Pettengill.and others. The
remonstrance was referred to the committee
on new wooden buildings.
A communication from the town of Deer
ing stated that permission had been granted
the trustees of EVprprQpn Cap1atarv m, ont
the sewer on the Stevens Plains road
Alderman Beale reported for the committee
of conference in the matter of the claim of
G. Ii. Cioyes that the committee could not
agree.
Papers from the lower board received con-
current action, and the board adjourned.
In Common Council.
Records were read and approved.
Absent-Messrs. O'Neil and Parker.
Mr.. Trefethen offered an order that in or
der to eauitably assess the taxes of citizens of
the islands, proper plan be prepared by
the city civil engineer, similar to the reyal-
nation plans of the city, and that plan of
feaks Island be prepared as soon as posi-
Die: Passed and sent up.
- Mr.. Roberts offered an order for the City
erly side of ''B" street, containing 5021
square feet, at cents per square foot, to b.
X. Dolliff. Passed and sent up.
Mr.. Roberts offered an order to reserve the
lot on the corner of AZ, "B" and Congress
streets, for the probable use for school-house
and engine house in the future. Passed and
sent up.
Mr.. Cox reported from the committee on |
conference on q. III. Cloyes' claim that the |
agreed to refer the matter to the |
committee on judicial proceeding and claims |
and the report was accepted.
Business from the upper board received |
concurrent action. ''